FXJ.AX - Fairfax Media Limited

ASX - ASX Delayed price. Currency in AUD
0.79
+0.01 (+1.28%)
At close: 3:59PM AEDT
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Previous close0.78
Open0.78
Bid0.87 x 53751800
Ask0.74 x 13112700
Day's range0.76 - 0.79
52-week range0.67 - 1.27
Volume19,623,790
Avg. volume9,786,631
Market cap1.817B
BetaN/A
PE ratio (TTM)21.94
EPS (TTM)0.04
Earnings date21 Feb. 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est0.80
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  • Fairfax partners with Google to sell ads
    AAP3 days ago

    Fairfax partners with Google to sell ads

    Fairfax Media has secured a partnership with Google to boost its digital advertising and publishing technology and drive digital subscription growth. The publisher said Google will help it sell and market advertising for The Sydney Morning Herald, The Age, The Australian Financial Review, WAtoday, Canberra Times, Brisbane Times, and lifestyle products. Fairfax's commercial team will begin working with Google in 2018, focusing on premium ad products, relationships with clients and innovative commercial solutions.

  • RFG shares slump on franchisee allegations
    AAP4 days ago

    RFG shares slump on franchisee allegations

    Shares in the owner of Gloria Jean's, Donut King and Brumby's Bakery have tumbled to a five-year low following claims it is charging exorbitant fees that are running franchisees into the ground. Gold Coast-based Retail Food Group is the country's biggest food franchise operator and also boasts brands such as Crust Pizza, Pizza Capers, Michel's Patisserie, Cafe2U, The Coffee Guy and Esquires Coffee. Its shares plunged 26.14 per cent, or $1.15, to $3.25 on Monday following Fairfax Media reports at the weekend about the mistreatment of franchisees.

  • Is Domain Holdings Australia Ltd the next REA Group Limited Group?
    Motley Fool8 days ago

    Is Domain Holdings Australia Ltd the next REA Group Limited Group?

    The Fairfax Media Limited (ASX:FXJ) spinoff of Domain Holdings Group (ASX:DHG) promised big things. But so far it’s not looking great for shareholders.

  • Should you buy Domain Holdings Australia Ltd?
    Motley Fool14 days ago

    Should you buy Domain Holdings Australia Ltd?

    Domain Holdings Australia Ltd (ASX:DHG) was spun off by Fairfax Media Limited (ASX:FXJ) recently. Spin-offs are always worth looking at, so should you buy Domain?

  • AAP15 days ago

    Fairfax and HuffPost Aust cut ties

    Fairfax Media and news website HuffPost Australia have called time on their joint venture, leaving the jobs of dozens of staff in doubt. Staff from HuffPost Australia have taken to social media lamenting the decision which comes just two years after the website's American parent Huffington Post teamed up with Fairfax to launch a local version of the news site. Talent, passion and integrity," editor-in-chief Tory Maguire tweeted.

  • Macquarie Group Ltd says ASX 200 to hit 6,500 points in 2018
    Motley Fool22 days ago

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    It’s been a good year for many investors. And some think the good times will continue…

  • Domain shares excessive, overvalued: Citi
    AAP28 days ago

    Domain shares excessive, overvalued: Citi

    Domain is overvalued at $2 billion and the property advertiser's share price is "excessive", analysts have said. Citi analysts on Friday rated the newly listed Fairfax spinoff a "sell" and set a target of $3.40 per share, about eight per cent below their price on the second day of trade on the ASX. "While we have a positive view on the earnings trajectory for DHG (Domain), the current valuation is excessive in our view," Citi analysts said in a note.

  • Did the Domain spin off hurt Fairfax Media Limited shareholders?
    Motley Fool28 days ago

    Did the Domain spin off hurt Fairfax Media Limited shareholders?

    The Domain Holdings Australia Limited (ASX:DHG) spin off promised big things. So has it gone well for Fairfax Media Limited (ASX:FXJ) and its shareholders?

  • How a Newspaper Company Created $300 Million in Equity Overnight
    Bloomberg28 days ago

    How a Newspaper Company Created $300 Million in Equity Overnight

    Investors can finally put a number on Fairfax Media Ltd.’s main earnings driver, the property-listings business, which has thrived amid Australia’s real-estate boom.

  • Takeover talk sends Santos shares soaring
    AAP28 days ago

    Takeover talk sends Santos shares soaring

    Shares in energy giant Santos have soared to a 15 month high after it confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion. Santos said the indicative proposal from Harbour Energy in August was inadequate and the sources of funds were uncertain. Fairfax Media is reporting that a consortium of investors, led by Harbour Energy, is planning an all-cash bid worth $11 billion that could be put to the Santos board within weeks.

  • Domain lists on ASX as a $2.2bn company
    AAP29 days ago

    Domain lists on ASX as a $2.2bn company

    Fairfax Media's real estate spinoff Domain has begun trading on the Australian Stock Exchange with market value of $2.2 billion. With 575 million Domain shares on issue, the property listings and real estate services business has a market capitalisation of almost $2.23 billion, based on an average $3.86 share price over its first few hours of trading. Parent company Fairfax Media took an expected fall as its highest-value asset was spun out, with Fairfax shares down 31 per cent to 73.5 cents.

  • Fairfax Media Limited shares fall 30% after Domain Holdings Australia Limited spinoff
    Motley Fool29 days ago

    Fairfax Media Limited shares fall 30% after Domain Holdings Australia Limited spinoff

    Domain Holdings Australia Limited (ASX:DHG) listed on the ASX at midday today.

  • Domain starts trading on ASX
    AAP29 days ago

    Domain starts trading on ASX

    Shares in Fairfax Media's property-listing spinoff Domain Holdings have risen seven cents in their first half-hour of trading on the Australian Stock Exchange. Domain shares, which opened at $3.80 at 1200 ...

  • Australia's Fairfax Media shares plunge after spin-off
    AFP29 days ago

    Australia's Fairfax Media shares plunge after spin-off

    Shares in Australian publishing giant Fairfax Media plunged by a third on Thursday as it spun-off its lucrative property arm in a bid to boost its bottom line. Domain had been a money-spinning division of Fairfax that benefited from Australia's strong real estate market and digital classifieds, even as its traditional media divisions were hit by advertising and circulation declines. Fairfax flagged spinning-off Domain in February and outlined details in August after a bidding war between US private equity giant TPG Capital and US investment firm Hellman & Friedman to buy the entire firm fell through.

  • AAPlast month

    Fairfax, Domain separation gets court tick

    Fairfax Media's plan to spin off its profitable real estate listing business Domain from the news publisher has gained Federal Court approval. Domain is expected to start trading on the ASX on November 16, after shareholders "overwhelming" voted in favour of the separation at Fairfax's annual general meeting last week. Under the plan, Fairfax will retain a 60 per cent interest in Domain while shareholders will hold the remaining 40 per cent - receiving one share in a newly listed Domain for every 10 Fairfax shares owned.

  • Are Fairfax Media Limited and Nine Entertainment Co Holdings Ltd eyeing a merger?
    Motley Foollast month

    Are Fairfax Media Limited and Nine Entertainment Co Holdings Ltd eyeing a merger?

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  • AAPlast month

    Sydney houses could go for F6 toll road

    Up to 90 houses could be seized and demolished by the Berejiklian Government to build Sydney's latest toll road, which will cost $9 billion for three stages, according to leaked cabinet documents. A cabinet-in-confidence "business case" obtained by Fairfax Media and the ABC outlines how 60 private properties in the city's south would need to be forcibly acquired at a cost of more than $100 million. Another $150 million would be needed to buy government properties along the 23-kilometre route between St Peters and Loftus, ABC reports.

  • Fairfax Domain split gets final approval
    AAPlast month

    Fairfax Domain split gets final approval

    Fairfax shareholders have voted in favour of the plan to spin off profitable real estate listings business Domain, from the news publisher. At the company's annual general meeting on Thursday, chairman Nick Falloon said the the scheme resolution received "overwhelming" support from shareholders. "Subject to shareholder approval of the capital reduction at the meeting today, and court approval, we expect Domain to commence trading on the ASX on 16 November 2017 on a deferred settlement basis," Mr Falloon said.

  • Australia's Fairfax Media agrees property arm spin-off
    AFPlast month

    Australia's Fairfax Media agrees property arm spin-off

    Leading Australian publisher Fairfax Media is poised to spin off its lucrative property arm after shareholders on Thursday overwhelmingly backed the plan to boost the embattled firm's prospects. Like its international peers, Fairfax, which owns major newspapers including The Sydney Morning Herald and Australian Financial Review, has had its profits squeezed as advertising and circulation slump in the digital age. "We are pleased to have received shareholder approval for separation of Domain from Fairfax," chairman Nick Falloon said in a statement.

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  • Australia's Fairfax Media to float lucrative property ad arm
    AFP3 months ago

    Australia's Fairfax Media to float lucrative property ad arm

    Fairfax Media's shareholders are set to vote on spinning off its lucrative property advertising division, the Australian publishing giant said Friday. Like its international peers, Fairfax -- the owner of major mastheads The Sydney Morning Herald, The Age and The Australian Financial Review -- has seen profits hit by dwindling advertising revenue and circulation figures. The float of Domain had been flagged for some months, with Fairfax hopeful it would get a better market valuation if listed separately on the stock market.

  • Australia's Fairfax Media back in the black
    AFP4 months ago

    Australia's Fairfax Media back in the black

    Australian publishing giant Fairfax Media on Wednesday posted a return to profit following a cost-cutting drive, although advertising revenue for its major newspapers weakened further. Fairfax -- which owns The Sydney Morning Herald, The Age and The Australian Financial Review -- reported an annual net profit of Aus$83.9 million (US$65.7 million) in the year to June 30. The turnaround followed a Aus$772.6 million loss reported over a previous 12-month period.

  • US firm sparks bidding war for Australia's Fairfax Media
    AFP7 months ago

    US firm sparks bidding war for Australia's Fairfax Media

    American investment firm Hellman & Friedman has kicked off a bidding war for Australia's Fairfax Media by making a multi-billion-dollar offer to rival private equity company TPG Capital's proposal, the publishing giant said Thursday. Hellman & Friedman -- former owners of US multimedia company and German publisher Axel Springer -- made an offer to acquire Fairfax at Aus$1.225-Aus$1.250 (91-93 US cents) a share late Wednesday, the Australian firm said. The offer is higher than TPG's revised bid of Aus$1.20 made on Monday, and values the publisher at Aus$2.82-Aus$2.87 billion.

  • TPG ups bid for Australia's Fairfax Media
    AFP7 months ago

    TPG ups bid for Australia's Fairfax Media

    A consortium led by private equity giant TPG Capital upped its offer for troubled Fairfax Media Monday and now wants to buy out the entire firm. Last week TPG and the Ontario Teachers' Pension Plan Board offered 95 Australian cents per share for Fairfax's leading mastheads and its lucrative Domain Group focused on property advertising. This would have left shareholders with Fairfax's regional papers, 50 percent of its online streaming service Stan and its beleaguered New Zealand business, which was recently dealt a blow when the country's competition watchdog rejected a merger with NZME.